Dear Senior,
request you to please help me to clear my confusion regarding bonus act applicability to my organization. As per act we are covered under bonus act but my confusion is that "if organisation is not doing profit as per balance sheet then bonus act will applicable to organisation?"
please help me to clear this doubt.
Regards,
Sunil Prajapati
7043925747
From India, Mumbai
4request you to please help me to clear my confusion regarding bonus act applicability to my organization. As per act we are covered under bonus act but my confusion is that "if organisation is not doing profit as per balance sheet then bonus act will applicable to organisation?"
please help me to clear this doubt.
Regards,
Sunil Prajapati
7043925747
From India, Mumbai
Yes, after stipulated period has lapsed ( 3 yrs after commencement), irrespective of making loss, Bonus is to be paid to employees falling in the category as per amendment made in 2015.
"As per amended Section 2(13) of the Principal Act, the Amendment Act has now widened the scope of employees eligible for payment of bonus from those drawing salary of INR 10,000 per month, to INR 21,000 per month".
From India, Delhi
"As per amended Section 2(13) of the Principal Act, the Amendment Act has now widened the scope of employees eligible for payment of bonus from those drawing salary of INR 10,000 per month, to INR 21,000 per month".
From India, Delhi
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Amendment to Payment of Bonus Act 2015.jpg
Bonus act amendment gazette copy.pdf